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My understanding is that access to the image (or whatever) is absolutely not the point of NFT's. It's all about bragging rights. People want to be able to say
by nfw2 5y ago
My understanding is that access to the image (or whatever) is absolutely not the point of NFT's.
It's all about bragging rights. People want to be able to say they are considered the owner of something. Sure, the ownership only exists in people's imaginations, but that's often the case with these sort of honors.
At my high school, we had an honor society. In addition to needing good grades, you needed to pay in 10 bucks every semester. They never gave me a clear explanation why I needed to pay, so I stopped paying. The only impact that had was not being able to sit in an exclusive section for the honors kids during graduation. As far as I'm aware, every single other student (or their parents, more likely) who had the grades paid the fee.
- Dma54rhs 5y agoIt's the same with clothing brands, especially the "luxury" ones. For me both expensive clothing brands and NFT's are bullshit but it doesn't mean there's no bragging rights market for it. And it looks its huge, possibly I would have cared more about these rights when I was still a youth.
- dkersten 5y agoI agree, but at least with expensive clothing brands you may get something that might actually have some value. For example, someone gave me some branded clothing for christmas a few years ago, that I would never have bought myself, and it turned out to both be super comfortable and lasted far, far longer than the cheap brands I bought. Of course, there is also much expensive brand clothing that's garbage, so its certainly not a given, but my point is that with clothing you at least have something you can wear, which may or may not have value in itself, while with NFT's you just have the brand.